ARTICLE
16 December 2019

Factors Driving Millennial Car Ownership

Da
Duff and Phelps
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Duff and Phelps logo
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.
As the millennial generation ages, they are beginning to start families, which can lead them to make the same parenting decisions as prior generations.
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Millennials choose their residence based largely on proximity to work and family.

As the millennial generation ages, they are beginning to start families, which can lead them to make the same parenting decisions as prior generations. Globally, millennials ranked their most important considerations when selecting their current residence in the following order:

  • Proximity to work
  • Proximity to family and / or friends
  • Proximity to cultural attractions and / or opportunities
  • Proximity to where you grew up
  • Proximity to better schools

Millennials and Auto Trends Report.pdf (4.0) MB

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
16 December 2019

Factors Driving Millennial Car Ownership

Worldwide Transport
Contributor
Duff and Phelps logo
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.
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